Bank also reimburse finance for the cars purchased out of own funds which are not more than 3 month old at rate of interest applicable to New Car.

New Car

The interest for second and third years will be 10% and thereafter the interest will be a floating one depending on the prevailing rate.

Eligibility Criteria

Eligibility Criteria

Salaried

Salaried:

Income

Rs 10000

Age

Min.: 21 Yrs. Max.: 65 Yrs.

Current Employment Years

1 Yrs.

Total Employment Years

2 Yrs.

Documents Required:

ID Proof

Yes

Residence Proof

Yes

Income Proof

Yes

Telephone

Yes

Photograph

Yes

Bank Statement

Yes

Signature Proof

Yes

Others

I.T. Returns/Form 16: 2 years for salaried employees and 2 years for professional/self-employed/businessmen duly accepted by the ITO wherever applicable
Proof of official address for non-salaried individuals

Self Employed

Self Employed:

Income

Rs 10000

Age

Min.: 21 Yrs. Max.: 65 Yrs.

Total Employment Years

3 Yrs.

Documents Required:

ID Proof

Yes

Residence Proof

Yes

Income Proof

Yes

Telephone

Yes

Photograph

Yes

Bank Statement

Yes

Signature Proof

Yes

Others

I.T. Returns/Form 16: 2 years for salaried employees and 2 years for professional/self-employed/businessmen duly accepted by the ITO wherever applicable
Proof of official address for non-salaried individuals